Kansai Paint Co., Ltd.

TSE:4613 Stock Report

Market Cap: JP¥389.0b

Kansai Paint Valuation

Is 4613 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4613 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4613 (¥2100.5) is trading below our estimate of fair value (¥2788.05)

Significantly Below Fair Value: 4613 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4613?

Key metric: As 4613 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4613. This is calculated by dividing 4613's market cap by their current earnings.
What is 4613's PE Ratio?
PE Ratio10.7x
EarningsJP¥36.34b
Market CapJP¥389.03b

Price to Earnings Ratio vs Peers

How does 4613's PE Ratio compare to its peers?

The above table shows the PE ratio for 4613 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
4186 Tokyo Ohka Kogyo
20.2x11.7%JP¥420.3b
4203 Sumitomo Bakelite
15x8.7%JP¥353.4b
4114 Nippon Shokubai
21.8x9.5%JP¥284.6b
4626 Taiyo Holdings
19.9x14.8%JP¥231.7b
4613 Kansai Paint
10.7x-1.0%JP¥389.0b

Price-To-Earnings vs Peers: 4613 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

How does 4613's PE Ratio compare vs other companies in the JP Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
4119 Nippon Pigment Holdings
0.7xn/aUS$31.27m
No more companies available in this PE range
4613 10.7xIndustry Avg. 12.1xNo. of Companies20PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4613 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the JP Chemicals industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 4613's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4613 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: 4613 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4613 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥2,100.50
JP¥2,735.56
+30.2%
10.5%JP¥3,300.00JP¥2,300.00n/a9
Nov ’25JP¥2,435.00
JP¥2,875.56
+18.1%
8.2%JP¥3,300.00JP¥2,400.00n/a9
Oct ’25JP¥2,570.00
JP¥2,892.22
+12.5%
8.5%JP¥3,300.00JP¥2,400.00n/a9
Sep ’25JP¥2,601.50
JP¥2,835.56
+9.0%
8.8%JP¥3,300.00JP¥2,400.00n/a9
Aug ’25JP¥2,455.00
JP¥2,824.44
+15.0%
8.1%JP¥3,200.00JP¥2,400.00n/a9
Jul ’25JP¥2,558.50
JP¥2,727.50
+6.6%
11.3%JP¥3,100.00JP¥2,000.00n/a8
Jun ’25JP¥2,620.00
JP¥2,561.25
-2.2%
14.8%JP¥3,100.00JP¥2,000.00n/a8
May ’25JP¥2,061.00
JP¥2,527.50
+22.6%
13.5%JP¥3,000.00JP¥2,000.00n/a8
Apr ’25JP¥2,177.50
JP¥2,661.67
+22.2%
10.6%JP¥3,000.00JP¥2,200.00n/a6
Mar ’25JP¥2,186.00
JP¥2,711.67
+24.0%
7.8%JP¥3,000.00JP¥2,390.00n/a6
Feb ’25JP¥2,467.00
JP¥2,746.67
+11.3%
6.9%JP¥3,000.00JP¥2,500.00n/a6
Jan ’25JP¥2,409.00
JP¥2,746.67
+14.0%
6.9%JP¥3,000.00JP¥2,500.00n/a6
Dec ’24JP¥2,273.50
JP¥2,780.00
+22.3%
7.1%JP¥3,000.00JP¥2,500.00n/a6
Nov ’24JP¥2,225.00
JP¥2,676.67
+20.3%
11.4%JP¥3,000.00JP¥2,150.00JP¥2,435.006
Oct ’24JP¥2,137.50
JP¥2,676.67
+25.2%
11.4%JP¥3,000.00JP¥2,150.00JP¥2,570.006
Sep ’24JP¥2,395.50
JP¥2,608.57
+8.9%
9.8%JP¥2,950.00JP¥2,150.00JP¥2,601.507
Aug ’24JP¥2,356.50
JP¥2,461.43
+4.5%
8.3%JP¥2,700.00JP¥2,150.00JP¥2,455.007
Jul ’24JP¥2,114.50
JP¥2,352.86
+11.3%
7.6%JP¥2,500.00JP¥2,020.00JP¥2,558.507
Jun ’24JP¥2,117.00
JP¥2,322.86
+9.7%
10.3%JP¥2,500.00JP¥1,810.00JP¥2,620.007
May ’24JP¥1,998.00
JP¥2,265.71
+13.4%
9.4%JP¥2,500.00JP¥1,810.00JP¥2,061.007
Apr ’24JP¥1,788.00
JP¥2,218.57
+24.1%
11.0%JP¥2,500.00JP¥1,680.00JP¥2,177.507
Mar ’24JP¥1,760.00
JP¥2,217.14
+26.0%
11.9%JP¥2,500.00JP¥1,620.00JP¥2,186.007
Feb ’24JP¥1,794.00
JP¥2,217.14
+23.6%
11.9%JP¥2,500.00JP¥1,620.00JP¥2,467.007
Jan ’24JP¥1,619.00
JP¥2,224.29
+37.4%
10.8%JP¥2,500.00JP¥1,770.00JP¥2,409.007
Dec ’23JP¥1,880.00
JP¥2,268.33
+20.7%
13.4%JP¥2,700.00JP¥1,770.00JP¥2,273.506
Nov ’23JP¥1,947.00
JP¥2,351.67
+20.8%
15.0%JP¥2,800.00JP¥1,810.00JP¥2,225.006

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Kaneka

JP¥219.3b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

4118

JP¥3,486.00

7D

1.9%

1Y

-7.3%

Tokuyama

JP¥196.7b

Produces and sells various chemical products in Japan.

4043

JP¥2,734.00

7D

3.9%

1Y

13.8%

Hodogaya Chemical

JP¥31.1b

Primarily engages in the production and sale of organic industrial chemicals in Japan.

4112

JP¥3,915.00

7D

2.1%

1Y

10.3%